First Colony Mortgage in Minnesota vs the state
6.9%Denial rate-6.66 pts vs state
8.6%Decision denial rate-7.73 pts vs state
59.7%Origination rate-6.65 pts vs state
6.63%Median rate0.00 pts vs state
0.20Rate spread (pts)-0.05 pts vs state
$122kMedian applicant income
43Loans originated
5Denied
Trend in Minnesota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 6 | 5 | 16.7% | 7.25% | #505 |
| 2024 | 36 | 26 | 5.6% | 6.63% | #312 |
| 2025 | 72 | 43 | 6.9% | 6.63% | #242 |
What First Colony Mortgage lends in Minnesota
By loan purpose
By loan type
Why it denied Minnesota applicants
Where in Minnesota
Counties with the most First Colony Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hennepin County | 17 | 9 | 0 | 0.0% |
| Clay County | 13 | 8 | 0 | 0.0% |
| Washington County | 5 | 3 | 0 | 0.0% |
| St. Louis County | 5 | 3 | 1 | 20.0% |
| Ramsey County | 5 | 3 | 0 | 0.0% |
| Dakota County | 5 | 4 | 0 | 0.0% |
| Otter Tail County | 4 | 1 | 2 | 50.0% |
| Anoka County | 3 | 2 | 0 | 0.0% |
| Sibley County | 2 | 1 | 1 | 50.0% |
| Houston County | 2 | 1 | 0 | 0.0% |
Other large lenders in Minnesota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 8,694 | 10.6% | 6.38% |
| U.S. Bank | D | 8,624 | 30.4% | 7.88% |
| Bell Bank | A | 7,987 | 5.3% | 6.63% |
| Rocket Mortgage | C | 7,630 | 16.3% | 6.63% |
| Trustone Financial Credit Union | C | 6,066 | 20.0% | 7.25% |
| Affinity Plus | C | 5,438 | 14.6% | 6.63% |
| Blaze Credit Union | B | 4,074 | 12.3% | 6.38% |
| Wings Financial Credit Union | A | 3,960 | 16.4% | 7.25% |
| Crosscountry Mortgage | B | 3,942 | 2.1% | 6.63% |
| Fairway Independent Mortgage | B | 3,327 | 3.2% | 6.75% |
Frequently asked questions
Minnesota: 72 applications in 2025, of which 43 were originated and 5 denied.
6.9% of all applications, or 8.6% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.
The median rate on loans First Colony Mortgage originated in Minnesota in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are First Colony Mortgage's own HMDA filing for properties located in Minnesota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology